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Governments should consider scaling up of renewable energy as part of their robust economic development strategy, rather than as an environmental strategy with the secondary benefits of job creation. Such an approach is fundamental for attracting new private-sector investment to finance renewable projects at a scale that is needed to address climate change.

Proven mechanisms should not be abandoned, but new policies have to target ways to reduce the risk-to-reward ratio in order to enhance private sector investor confidence for investment in large-scale renewable energy. These are the main conclusions and recommendations from the report ‘Strategies To Finance Large-Scale Deployment Of Renewable Energy Projects: An Economic Development And Infrastructure Approach’, a report authored by Clean Energy Group, commissioned by IEA-RETD (Renewable Energy Technology Deployment). IEA-RETD is a cooperation of nine countries under the umbrella of the International Energy Agency IEA.
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